Business – Page 28 – THE ECONOMIC INDIA

09 Oct

Fabience Unleashes State-of-the-Art Furniture Mega-Plant

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Hyderabad (Telangana) [India], October 9: Fabience, the Hyderabad-based premium furniture manufacturing brand, today announced a major strategic expansion with plans to set up a new Greenfield plant near Hyderabad, Telangana. Spanning over 1.5 lakh sq. ft., the state-of-the-art facility involves an investment of approximately Rs. 50 crore and is targeted for completion by next year. The project is expected to generate direct employment opportunities for around 100 people said Mr. Raj Venu Gopal Takkallapally, Managing Director. The new facility will incorporate advanced Italian and German machinery alongside cutting-edge manufacturing technologies. With a strong focus on automation, precision, quality, and production…

09 Oct

NavTech Launches India’s Leading 40Gbps Optical Wireless Communication System at IMC 2026

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India-developed OpticSpectra 40G uses laser-based Free Space Optical communication to deliver high-capacity connectivity; targets telecom and defence networks New Delhi [India], October 9: Indian deep-tech company Nav Wireless Technologies Pvt. Ltd. (NavTech) has unveiled OpticSpectra 40G, an India-developed Free Space Optical (FSO) communication system designed to deliver data speeds of up to 40 Gbps over an optical wireless link at India Mobile Congress 2026. Unlike a conventional fibre link, OpticSpectra 40G transmits data between two communication points through highly directional beams of light, eliminating the need to lay physical optical fibre between the endpoints. NavTech is positioning the system primarily…

09 Oct

SSSMehta Industries, Diversified Engineering Products Manufacturer, Files DRHP with NSE Emerge

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Jamshedpur (Jharkhand) [India], October 9: SSSMehta Industries Limited (SSSMehta or the Company), a diversified manufacturer of sheet metal components, fabricated products, structural products and engineering products, has filed its Draft Red Herring Prospectus (DRHP) with the EMERGE Platform of National Stock Exchange of India Limited (NSE Emerge) for its proposed Initial Public Offering of up to 31,00,000 Equity Shares of face value ₹10 each, comprising entirely a Fresh Issue with no Offer for Sale component. The proceeds from the Fresh Issue are proposed to be deployed towards capital expenditure for setting up two new manufacturing facilities at Adityapur, Jamshedpur, of…

09 Oct

Vetrivel Explosives Limited, Industrial Explosives and Blasting Solutions Provider, Files DRHP with NSE Emerge

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Salem (Tamil Nadu) [India], October 9: Vetrivel Explosives Limited, an integrated manufacturer of industrial explosives, explosive accessories and blasting systems, has filed its Draft Red Herring Prospectus with the EMERGE Platform of the National Stock Exchange of India Limited (NSE Emerge) in preparation for its Initial Public Offering. The IPO will comprise a Fresh Issue of up to 61,00,000 equity shares with a face value of ₹10 each, with no Offer for Sale component. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited. The Company proposes to utilise the…

09 Oct

One Shirt. No Clutter. All Impact: Bright Outdoor Media Turns Samay Raina’s Shirt Into A 30 Ft Billboard

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Mumbai (Maharashtra) [India], October 9: (Bright Outdoor Media Limited, The company), in collaboration with District, has transformed Samay Raina’s iconic red-and-black checked shirt into a larger-than-life out-of-home (OOH) installation to promote his upcoming live show and 2027 India Tour. Campaign Highlights Bright Outdoor Media Limited and District jointly conceptualised this campaign around a minimalist idea: no photograph, no crowded copy, just one recognisable visual. The teams chose Samay Raina’s checked shirt, a signature his fans instantly recognise, to speak for him. The installation has quickly become a talking point among commuters and fans. Location: Western Express Highway, Mumbai, one of…

09 Oct

Vinir Engineering Limited Files DRHP with SEBI for Fresh Issue of up to 71,000,000 Equity Shares; Proposes Listing on BSE and NSE

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New Delhi [India], October 9: Vinir Engineering Limited (“the Company”), an integrated engineering solutions company engaged in the manufacturing of specialised, critical and heavy, precision-forged and machined components for industries including energy, defence, aerospace, railways, energy turbines, hydraulics, earthmoving and high-end engineering, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The Issue is a 100% fresh issue. The Net Proceeds are proposed to be utilised towards purchase of advanced forging and machining plant and machinery (₹1,498.50 million), working capital requirements (₹350.00 million), and funding inorganic growth through unidentified acquisitions and general…

09 Oct

PC Jeweller Completes Debt Clearance Formalities, Secures Release of Mortgaged Assets

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New Delhi [India], October 9: PC Jeweller Limited has announced the completion of all formalities related to the clearance of its outstanding debt, following the release of mortgaged assets, securities and guarantees by its consortium of lenders. In a regulatory filing dated October 8, 2026, the jewellery retailer informed the BSE and National Stock Exchange (NSE) that all mortgaged assets belonging to the company and its personal and corporate guarantors have been released. The company confirmed that the original title deeds of the mortgaged properties have been returned to their respective holders. The development follows an earlier disclosure in which…

08 Oct

Würfel Unveils The Mansion: A New Destination for Luxury, Design & Architectural Dialogue

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New Delhi [India], October 8: Würfel, the homegrown luxury kitchen and wardrobe brand, unveiled The Mansion in New Delhi; a private destination conceived as a deeper expression of the brand’s philosophy, its evolution and its vision for the future of living. More than an exhibition of kitchens and wardrobes, The Mansion brings together design, materiality, technology and craftsmanship within a setting created to immerse visitors in the world of Würfel. The unveiling marked an important moment in the journey of a brand that began in India in 2015 with a simple belief – “If it was going to create homes,…

08 Oct

Suvidh Diamond: Why This Navratri, Jewellery Is Becoming More About Personal Style Than Tradition

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New Delhi [India], October 8: A few years ago, there was a fairly predictable answer to the question: “What jewellery are you wearing for Navratri?” Something traditional. This year, that answer is getting harder to predict. A woman might wear a heavily embroidered chaniya choli with nothing more than a pair of diamond studs. Someone else might pair a contemporary necklace with a traditional outfit. Another might skip the elaborate jewellery altogether and choose one statement piece that becomes the centre of the entire look. The interesting part? Traditional jewellery isn’t disappearing. What is changing is the reason people are…

08 Oct

The Quote That Was Never the Bill: How NoBroker Packers and Movers Brought Transparency to an Unorganised Market

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Amit Kumar Agarwal, CEO and Co-founder of NoBroker.’ Bengaluru (Karnataka) [India], October 8: For years, hiring packers & movers in India came with a small but familiar fear. You would agree to a quote of 25,000 rupees, only to be handed a bill of 35,000 rupees on a moving day. Extra charges for packing material, extra charges for stairs, extra charges for a delay you never asked for. There was no one to question and no paper to point to. This was not the exception. For a large part of India’s packers and movers industry, this was simply how business…